Civic Intelligence

Sherman County Economic Development Inc.

990 • Fiscal year 2020 • EIN 26-4618722

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 09, 2021

Organization ProfileWWW.SCEDINC.ORG
PO Box 428Loup City, NE 68853

(308) 745-5040

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.10x

Higher debt load relative to assets than 59% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

0.72x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

14th percentile

-25%

Higher net margin than 14% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

26th percentile

-2.4%

Faster asset growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2020

Revenue Growth

30th percentile

-17%

Faster revenue growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2020

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$898,129

Down $67,132 (-7.0%) from 2017

Net Assets

Down

$812,265

Down $60,647 (-6.9%) from 2017

Liabilities

Down

$85,864

Down $6,485 (-7.0%) from 2017

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin14th percentile

Revenue

Down

$118,975

Down $86,283 (-42%) from 2017

Expenses

Down

$148,181

Down $27,167 (-15%) from 2017

Net Income

Down

-$29,206

Down $59,116 (-198%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $118,543Net Assets 2010: $118,5432010Assets 2011: $135,442Net Assets 2011: $135,4422011Assets 2012: $197,293Liabilities 2012: $27,616Net Assets 2012: $169,6772012Assets 2013: $257,999Liabilities 2013: $36,586Net Assets 2013: $221,4132013Assets 2014: $247,965Liabilities 2014: $35,595Net Assets 2014: $212,3702014Assets 2015: $861,852Liabilities 2015: $346,075Net Assets 2015: $515,7772015Assets 2016: $950,260Liabilities 2016: $105,249Net Assets 2016: $845,0112016Assets 2017: $965,261Liabilities 2017: $92,349Net Assets 2017: $872,9122017Assets 2020: $898,129Liabilities 2020: $85,864Net Assets 2020: $812,2652020Assets 2021: $981,892Liabilities 2021: $214,157Net Assets 2021: $767,7352021Assets 2022: $1,455,026Liabilities 2022: $602,230Net Assets 2022: $852,7962022Assets 2023: $1,225,810Liabilities 2023: $352,370Net Assets 2023: $873,4402023Assets 2024: $1,629,110Liabilities 2024: $159,035Net Assets 2024: $1,470,0752024Assets 2025: $2,789,124Liabilities 2025: $103,659Net Assets 2025: $2,685,4652025

Highlighted filing

2020

Assets$898,129
Liabilities$85,864
Net Assets$812,265
Open 2020 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $69,330Expenses 2010: $54,078Net Income 2010: $15,2522010Revenue 2011: $80,787Expenses 2011: $63,888Net Income 2011: $16,8992011Revenue 2012: $100,996Expenses 2012: $66,761Net Income 2012: $34,2352012Revenue 2013: $111,098Expenses 2013: $59,362Net Income 2013: $51,7362013Revenue 2014: $50,225Expenses 2014: $59,268Net Income 2014: -$9,0432014Revenue 2015: $347,820Expenses 2015: $64,413Net Income 2015: $283,4072015Revenue 2016: $393,379Expenses 2016: $64,145Net Income 2016: $329,2342016Revenue 2017: $205,258Expenses 2017: $175,348Net Income 2017: $29,9102017Revenue 2020: $118,975Expenses 2020: $148,181Net Income 2020: -$29,2062020Revenue 2021: $127,604Expenses 2021: $172,134Net Income 2021: -$44,5302021Revenue 2022: $267,410Expenses 2022: $182,349Net Income 2022: $85,0612022Revenue 2023: $242,285Expenses 2023: $222,016Net Income 2023: $20,2692023Revenue 2024: $720,675Expenses 2024: $214,318Net Income 2024: $506,3572024Revenue 2025: $1,462,814Expenses 2025: $248,230Net Income 2025: $1,214,5842025

Highlighted filing

2020

Revenue$118,975
Expenses$148,181
Net Income-$29,206
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 9, 2021
Return Version
2019v5.0
Gross Receipts
$118,975
Mission and Program Overview

Mission

To provide economic development opportunities within sherman county, nebraska in order to increase housing, business growth, and population.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$818,526$791,645▼ $26,881
Cash and Non-Interest-Bearing Accounts$110,923$102,603▼ $8,320
Accounts Receivable-$2,881-
Total Assets$929,449$898,129▼ $31,320
Other Assets Total-$1,000-
Liabilities
Other Liabilities$87,978$85,864▼ $2,114
Total Liabilities$87,978$85,864▼ $2,114
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$777,964$750,893▼ $27,071
Net Assets With Donor Restrictions$63,507$61,372▼ $2,135
Total Net Assets Fund Balance$841,471$812,265▼ $29,206
Total Liabilities and Net Assets / Fund Balance$929,449$898,129▼ $31,320

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$702,059$142,559$844,618
Land$89,586-$89,586
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Alfred HurtPresident
Kyle KowalskiBoard Member
Tom BandurBoard Member
Preston PetersonSecretary
Amy KotasVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$78,862
Program Service Revenue
$40,091
Investment Income
$22
Other Revenue
$0
All Other Contributions
$78,862
Change in Net Assets
$-29,206
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,589
Salaries, Compensation, and Employee Benefits$56,592
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$46,442--$46,442
Depreciation Depletion$40,466--$40,466
Occupancy$27,351--$27,351
Other Employee Benefits$6,500--$6,500
Interest$4,286--$4,286
Fees for Services Accounting$3,750--$3,750
Payroll Taxes$3,650--$3,650
Fees for Services Other$3,156--$3,156
Insurance$2,548--$2,548
Travel$1,594--$1,594
Office Expenses$1,000--$1,000
Advertising$501--$501
Conferences and Meetings$76--$76
Other Expenses$27--$27
All Other Expenses$12--$12
Total Functional Expenses$148,181$0$0$148,181
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable-building$61,372
N/p to Lc Development Corp$19,062
Rental Deposits$4,165
Payroll Liabilities$1,265
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

“Kyle kowalski 47554 790th rd loup city, ne 68853 tom bandur 210 n 1st street loup city, ne 68853 alfred hurt 427 n 10th street loup city, ne 68853 preston peterson 66 north catfish lane loup city, ne 68853 amy kotas 533 n 6th street loup city, ne 68853”

Form 990, Page 6, Part VI, Line 11B

“The board of directors and director reviews the tax return before filing.”

Form 990, Page 6, Part VI, Line 19

“Documents are available for the public to review at the business office.”

Filing and Contact Details

Filer

Filer Name
Sherman County Economic Development
EIN
26-4618722
Phone
3087455040
Address
PO BOX 428, LOUP CITY, NE 68853

Signing Officer

Name
Everette Butzine
Title
Director
Phone
3087450430
Signed
2021-02-09
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Ne
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
5

Preparer

Firm
Jennifer Smydra CPA LLC
Address
PO BOX 142, SAINT PAUL, NE 68873
Preparer
Jennifer Smydra CPA
Phone
3087507398
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KYLE KOWALSKI 47554 790TH RD LOUP CITY, NE 68853 TOM BANDUR 210 N 1ST STREET LOUP CITY, NE 68853 ALFRED HURT 427 N 10TH STREET LOUP CITY, NE 68853 PRESTON PETERSON 66 NORTH CATFISH LANE LOUP CITY, NE 68853 AMY KOTAS 533 N 6TH STREET LOUP CITY, NE 68853
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS AND DIRECTOR REVIEWS THE TAX RETURN BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE FOR THE PUBLIC TO REVIEW AT THE BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0929449
IRS990/TotalAssetsEOYAmt0898129
IRS990/TotalAssetsGrp/BOYAmt0929449
IRS990/TotalAssetsGrp/EOYAmt0898129
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt078862
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0148181
IRS990/TotalFunctionalExpensesGrp/TotalAmt0148181
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt087978
IRS990/TotalLiabilitiesEOYAmt085864
IRS990/TotalLiabilitiesGrp/BOYAmt087978
IRS990/TotalLiabilitiesGrp/EOYAmt085864
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0841471
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0812265
IRS990/TotalProgramServiceExpensesAmt0148181
IRS990/TotalProgramServiceRevenueAmt040091
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt040113
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0118975
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0929449
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0898129
IRS990/TravelGrp/ProgramServicesAmt01594
IRS990/TravelGrp/TotalAmt01594
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.SCEDINC.ORG
IRS990/WhistleblowerPolicyInd0false
ReasonableCauseExplanation/ExplanationTxt0EXTENSION FILED 12/15/20
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EVERETTE BUTZINE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03087450430
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHERMAN COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0SHER
ReturnHeader/Filer/EIN0264618722
ReturnHeader/Filer/PhoneNum03087455040
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 428
ReturnHeader/Filer/USAddress/CityNm0LOUP CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068853
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453590525
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JENNIFER SMYDRA CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 142
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAINT PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068873
ReturnHeader/PreparerPersonGrp/PhoneNum03087507398
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER SMYDRA CPA
ReturnHeader/ReturnTs02021-02-11T17:46:38-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$898,129
Liabilities
$85,864
Net assets
$812,265
Revenue
$118,975
Expenses
$148,181
Net income
-$29,206
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.79$0.10$2.69$1.46$0.25$1.21
2024Detailed filing. Detailed filing data is available for this year.$1.63$0.16$1.47$0.72$0.21$0.51
2023Detailed filing. Detailed filing data is available for this year.$1.23$0.35$0.87$0.24$0.22$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.46$0.60$0.85$0.27$0.18$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.98$0.21$0.77$0.13$0.17$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.90$0.09$0.81$0.12$0.15$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.97$0.09$0.87$0.21$0.18$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.95$0.11$0.85$0.39$0.06$0.33
2015Detailed filing. Detailed filing data is available for this year.$0.86$0.35$0.52$0.35$0.06$0.28
2014Detailed filing. Detailed filing data is available for this year.$0.25$0.04$0.21$0.05$0.06$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.26$0.04$0.22$0.11$0.06$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.03$0.17$0.10$0.07$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.14$0.08$0.06$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.12$0.07$0.05$0.02